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JFC Directional Day Filter Indicator
Chart 13 - A
During the discussion of Chart 13 on the video I mentioned two points on the chart where our short term trend definition indicators and entry point indicators would give buy signals in accordance with trend direction as defined by the JFC Directional Day Filter.
On the above chart I have applied the JFC Reversal Indicator for short term trend definition. Briefly, when the small cyan squares below the bars CEASE to form, a buy signal is given. At that point we refer to the overhead resistance as defined by the JFC Entry Point Indicator. A buy stop is placed at that point.
The long positions are established when the market trades through the buy stops.
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